99 Minutos nails down $40m in series B

Jun 7, 2021 •

Prosus has joined Kaszek Ventures to invest in the last-mile delivery service, which already counted Engie Factory as an investor.

Mexico-based last-mile delivery services provider 99 Minutos has received $40m in a series B round backed by Prosus, the internet group spun off by media and e-commerce conglomerate Naspers, TechCrunch reported today.

Venture capital firm Kaszek Ventures also participated in the round, while Prosus likely took part through its corporate venture capital vehicle, Prosus Ventures.

Founded in 2014, 99 Minutos provides last-mile delivery services across Mexico, Chile, Colombia and Peru. It can deliver ordered items in less than 99 minutes…

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